Taipei, June 1 (CNA) Taishin Financial Holding Co.'s plan to enter the life insurance business by acquiring Prudential Life Insurance Company of Taiwan Inc. has been approved by regulators, an official said Tuesday.
Taipei, April 22 (CNA) Taiwan's top financial regulatory body on Thursday imposed fines totaling NT$13.5 million (US$475,687) on three asset management firms over their employees' involvement in financial irregularities.
Citibank assures card holders business as normal before planned exit
04/16/2021 09:07 PM
CNA file photo
Taipei, April 16 (CNA) Retail customers at Citibank Taiwan, primarily its more than 2 million credit card holders, will not be impacted before the company finalizes its exit from the local consumer finance business, the bank said Friday.
Citibank Taiwan s statement came a day after Citigroup announced a plan to reduce its retail banking business presence in 13 markets across Asia, Europe, the Middle East and Africa.
Citigroup said it will maintain its corporate finance and investment banking businesses in Taiwan, along with 12 other markets Australia, Bahrain, China, India, Indonesia, South Korea, Malaysia, the Philippines, Poland, Russia, Thailand and Vietnam.
Vaccine insurance plans to go on sale Friday
04/15/2021 10:19 PM
A medical worker receives a COVID-19 vaccine shot. CNA file photo for illustrative purposes only
Taipei, April 15 (CNA) Two insurance companies in Taiwan will begin selling vaccine insurance plans on Friday, which will offer payments to individuals who suffer severe reactions after receiving vaccines in the country.
The two companies, Fubon Insurance and Chubb Life Taiwan, made the announcements after Taiwan s Financial Supervisory Commission approved the sales of the insurance plans on Thursday.
The plan offered by Fubon Insurance will cover all vaccines that a client gets within the insured period, as long as the vaccines are legally administered in Taiwan.
Donations open for injured passengers, families of train crash victims
04/04/2021 07:14 PM
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Workers at the north entrance of the Qingshui Tunnel, where four carriages of the eight-car train remained inside. CNA April 4, 2021
Taipei, April 4 (CNA) The Ministry of Health and Welfare said Sunday it has set up a system to start accepting donations for the people who were injured in last Friday s train crash and for the families of those who died.
In response to an outpouring of public sentiment, accounts have been opened at Bank of Taiwan, Chunghwa Post Co. and the Department of the Treasury under the central bank, where donations can be made until April 30, the ministry said.